Oxygen set to increase SME market share with new property facility

Oxygen Insurance Managers (OIM), the London intermediary's agency operation, has launched a property...

Oxygen Insurance Managers (OIM), the London intermediary's agency operation, has launched a property facility for the UK and Ireland market.

The facility will be headed up by Richard Wise, the former managing director of Alec Finch (London), who will focus on developing specialist schemes with coverholders in the UK and Irish markets. Mr Wise will also work closely with the other agency specialist liability teams on trade and regional schemes.

Sian Fisher, head of OIM, said the agency operation

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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